Stock Forecast Based On a Predictive Algorithm | I Know First |nasdaq Archives - Page 2 of 14 - Stock Forecast Based On a Predictive Algorithm

Stock Market Forecast for Major US Indexes Reaches 90% Accuracy Despite Market Volatility

May 20, 2021

Stock Market Indexes Forecast Highlights:

The best hit Ratio is 100% for the 365-day time horizon both for QQQ and SPY ETFs
Russell 2000, Dow Jones transportation, and Dow Jones Industrial indexes' predictions are reaching 90%, 93% and 99% accuracy
Our performance evaluation period covers the Covid-19 times, yet all the forecasts are still more than 53% accurate for all time horizons.

Read full report

I Know First ETF Predictions Coverage Update for 2021

March 31, 2021

I Know First generates daily predictions for over 10,000 assets and 559 Equity ETF predictions and continues to expand the coverage.

The Importance of Investing in ETFs

The ETF industry had a great year in 2020 as it has benefitted from the rising popularity of low-cost, diversified index fund management. The global inflows for the year surpassed $750 billion, a new record, and global assets under management grew by over 30%. According to ETF.com, a minimum of a 110% return was required to be among the top 10 best-performing ETFs of 2020, while a 94% gain was the threshold to enter the top 20.

The popularity of ETFs is expected

Press Releases

CRON Stock Forecast: Recovery Ahead As New Products Launched

February 25, 2021

This CRON stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

Cronos Group Inc. had a mixed year in 2020 with their stock losing 2.66%, mostly due to the COVID-19 pandemic.
Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
With the new Biden administration and the legalization of cannabis in five new states in the US, the new product launches worldwide, the company’s future is looking better.
Based on the Multiples Valuation model, my price target for CRON is 18$, indicating a cautious buy recommendation.

Read The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here

Premium Articles

Stock Market Forecast: S&P 500 & Nasdaq – Accuracy Up To 100%

December 8, 2020

Stock Market Predictions Highlights:

The best hit Ratio is 100% for the 365-day time horizon both of Nasdaq ETF (QQQ) and S&P500 (IXIC)
Our performance evaluation period covers the Covid-19 times, yet all the forecasts are still more than 60% accurate for all time horizons.

Algorithmic Performance

ACB Stock Forecast: Is the Worst Behind Us?

November 22, 2020

This ALGN stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

Aurora Cannabis Inc had a mixed year in 2020 with the stock losing 72.49% YTD..
With new management, a recent public offering and legalization of cannabis in five new states in the US, the company’s future is looking better.
Based on the Multiples Valuation model, my price target for ACB is 16$, indicating a cautious buy recommendation.

Summary:

The debt load of International Business Machines is worrisome. IBM’s annual sales has been declining since 2011. It will be hard to pare down a total debt of $69.45 billion.
IBM had to issue $20 billion in new debt (bond) last year to fund its $34 billion acquisition of Red Hat. This is why IBM’s long-term debt is now more than $52.4 billion.
The debt-laden status of IBM plus its lingering inability to reverse the decline in its annual revenue is why its stock is undervalued and under-appreciated.
Using debt to grow its cloud business is justified. However, Red Hat is not yet helping cloud revenue grow fast enough to mitigate the decline in IBM’s legacy enterprise business.
We can only pray that this pandemic will encourage more companies to subscribe to IBM’s cloud computing solutions.